ADX gets exploration permit offshore Italy

ADX Energy Ltd, oil and gas exploration and appraisal company, has been awarded the offshore exploration permit d 363 C.R-.AX by the Italian Ministry of Industry.

 

The awarded permit is on trend with ADX’s offshore Tunisian Kerkouane Permit and adjacent to its previously awarded d 364 C.R-AX license. ADX is the operator of the permit and holds a 100% interest via its fully owned Italian subsidiary.

The block is on the same structural trend as the proven onshore Cap Bon oil & gas fields in Tunisia, the large sized ADX 3D covered Dougga West and Elissa oil prospects n the Kerkouane block and contains – on trend – the Nlilde oil field inside the Italian license now awarded to ADX.

In addition to its excellent prospectivity, the area would also allow relatively smaller discoveries to be commercially developed. This is due to a combination of water depths predominantly less than 100 meters and the excellent fiscal regime in Italy.

The two Italian offshore blocks which are now held by ADX are situated in the so called “Terravecchia Foredeep” in front of the Tunisian Atlas thrust front, a geological sub-province of the extensive Italian foredeep and foreland area.

 

This prolific hydrocarbon province hosts a large number of Italy’s oil and gas fields, starting in the northern Italian Po Valley, continuing along the entire Adriatic Sea and through onshore and offshore Sicily into northern Tunisia. For a number of reasons more related to the vicinity of an international boundary than petroleum geology, very little seismic and drilling activity has been undertaken in the past in the areas close to the international border with Tunisia.

Shell and ADX have already acquired approximately 2,000 Km2 leading edge Geostreamer (dual sensor) technology 3D seismic surveys in their respective Tunisian and Italian licenses. As a result, ADX has now identified a number of large drillable prospects in its’ Kerkouane block on a geological trend which continues into the offshore Sicily area n Italy.

Press Release, May 21, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply